Alphabet stock rises for 5th straight day as investors cheer new tech and AI deals
Alphabet breaks $181 resistance
Alphabet Inc. has kept investors excited as its stock price continued to push higher despite ongoing legal challenges facing the company.
On Monday, Alphabet recorded its fourth consecutive daily gain and is already positioned for a fifth straight positive close today. This rally highlights investors' strong confidence in the tech giant's growth prospects.
- Alphabet stock extends rally amid positive sentiment around tech and AI deals
- Alphabet breaks $181 resistance and hits $183.70 marking a fresh five-month high
- RSI climbs above 61 today, confirming strong bullish momentum and active buying
A critical technical event occurred on Monday when Alphabet stock overcame resistance at the $181 pivot level, which had previously capped gains twice in June. This breakthrough paved the way for a move to a fresh five-month high at $183.70. The move above last month’s high is significant, as it confirms a strong bullish trend and marks the fourth consecutive month of positive performance for Alphabet stock.
GOOGL price dynamic (May - July 2025). Source: Tradingview
Fundamental drivers have played a vital role in this renewed optimism. Recent announcements, such as Google's commitment to invest $25 billion in data centers across Pennsylvania and neighboring states, have sparked positive sentiment among investors. In addition, the $2.4 billion deal with Windsurf and the Pentagon’s decision to include Google in its advanced AI program contracts have bolstered confidence in Alphabet’s ability to expand its business into high-growth sectors like artificial intelligence and cloud infrastructure.
Alphabet daily RSI above 61 signals heightened strength in investors' sentiment
As of today’s premarket session on Tuesday, Alphabet stock is up 0.3% at $182. This steady climb points to sustained bullishness and suggests that market participants are digesting the recent positive news constructively. The daily RSI has moved above 61 for the first time in over 30 days, signalling renewed buying strength and reinforcing the momentum behind the current rally.
Looking ahead, investors are focusing on $186 as the next near-term target. If Alphabet maintains its momentum, this level could be tested soon. At current levels, Alphabet stock has recorded a month-to-date gain of 3.65%, underscoring the strength of the ongoing uptrend.
From a technical perspective, the breakout above the previous $181 double top resistance now turns this level into a new support zone. This shift in structure provides a cushion for any potential pullbacks and strengthens the outlook for further advances.
Alphabet stock rose on strong AI hiring optimism and outperformed major tech peers last week. Price tested above $181 resistance but pulled back to $179 as RSI held near 60.
